Financial Services

At Verrill we understand that financial services institutions, from banks to credit unions, fin-tech start-ups to more seasoned financial services providers, have a broad range of legal needs and they rely on law firms who understand these different services and are able to see the big picture in an increasingly complex regulatory and financial landscape.

Verrill's Financial Services Group is comprised of an interdisciplinary team of experienced attorneys who understand the needs of banks and other financial services institutions.

  • General Corporate, Business, and Securities Law
  • Commercial finance and lending
  • Regulations related to deposit and checking accounts, including funds availability, check payment, electronic funds transfers, joint and trustee accounts
  • Bank security and privacy issues
  • Responding to trustee process, tax liens, and orders to withhold and deliver
  • Offering of bank related products, including securities, property insurance, credit insurance, and title insurance
  • Licensing and qualification
  • Reviewing and drafting complex mortgage, retail lending, and deposit agreements
  • Consumer lending issues, including ECOA, home mortgage disclosure, Truth-in-Lending, Fair Credit Reporting, Plain Language Law, and RESPA
  • Formation and operation of affiliates under Maine's Universal Bank Charter laws, including non-depository trust companies and insurance sales subsidiaries
  • Bank mergers and acquisitions
  • Municipal finance and collateralization of deposits
  • Affiliated business relationships, including third party servicing arrangements
  • Advice on selection and protection of trademarks and branding; representation in disputes over trademark, copyright and other intellectual property matters
  • Drafting, review and negotiation of Software Licenses, Software-as-a-Service Agreements and other Information Technology contracts
  • Employee benefits and executive compensation advice including, 401(k) plans, pension plans, health plans, supplemental executive retirement plans, and deferred compensation arrangements
  • Labor and employment advice, including with respect to wage and hour laws, fair labor standards, ADA, harassment issues, employee misconduct, and the conduct of internal investigations
  • Bankruptcy, workout, forbearance agreements, and other aspects of borrower financial distress
  • Advising on COVID-19 Loan and Aid Programs, including Paycheck Protection Program loan

Firm Highlights

Event

Relay for Justice Virtual 5K to Benefit Campaign for Justice

The Maine State Bar Association New Lawyers Section (NLS) is hosting the Relay for Justice, a Virtual 5K Run/Walk to benefit the Campaign for Justice. The race will take place June 25-27th and will...

News

32 Verrill Attorneys, Across Three Offices, Recognized in 2021 Chambers & Partners Guide

(May 27, 2021) – Verrill has been rated as a Leading Firm in a total of 11 categories and subcategories as evaluated by London-based Chambers & Partners, one of the world's most respected legal...

Matter

Trademark Litigation: Software

Represented trademark owner in litigation with foreign software company. Successfully defeated motion to dismiss on jurisdictional grounds, which was affirmed on appeal. Also successfully defeated summary judgment motion, which resulted in case settling before...

Matter

Copyright Litigation: Software

Defended equipment manufacturer in copyright dispute involving firmware for digital subscriber line access multiplexers (“DSLAMs”). Case resolved favorably.

Publication/Podcast

Portland Maine Business Podcast with Tawny Alvarez

On this week's Portland Maine Business Podcast , a podcast with Shelby Turcotte of Shelby Trained, he interviews employment and labor attorney Tawny Alvarez who shares stories that contributed to shaping her as a...

Blog

Massachusetts COVID-19 Emergency Paid Sick Leave Forms

As many readers know, on May 28, 2021, An Act Providing for Massachusetts COVID-19 Emergency Paid Sick Leave was passed. The Act creates a fund for the Commonwealth to reimburse eligible employers who provide...

Event

IFOB “How-To”: Diversity and Inclusion Program

Join the Institute for Family-Owned Business for a program, "'How-To': Diversity and Inclusion Program," on June 24 at 8:30AM. Employment and labor attorney Tawny Alvarez will be presenting “Covering and Why it is Effecting...

Publication/Podcast

Can Nonprofits Require COVID-19 Vaccines?

On June 10, employment and labor attorney Tawny Alvarez spoke with Maine Association of Nonprofits for its blog post "Help Desk FAQ: Can Nonprofits Require COVID-19 Vaccines?" As MANP continues to receive questions from...

News

Maine's Evolving Economy and the Future of Remote Work

On June 8, Maine Public published "The Future of Remote Work: The Outlook for Maine Employers and Workers As Offices Re-Open," covering its Maine’s Evolving Economy series that focuses on the shifts in Maine’s...

Blog

OSHA Issues Emergency Temporary Standard for Healthcare Settings

Earlier today (June 10, 2021), OSHA issued COVID-19 Emergency Temporary Standard (ETS) Subpart U applicable to healthcare settings. While OSHA has indicated that future guidance may be provided for other industries, today’s guidance is...

Contact Verrill at (855) 307 0700